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Rather than try to extract every tick possible using numerous intricate tools for the ES, I'd rather just use channels and strict PV over a variety of different markets. Of course, to day-trade multiple markets means automation will be necessary. Can you imagine trading SCT over four e-mini...

Given the progress I've made in my journey so far, I'm convinced that coding up tapes and channels to auto-construct in real time is possible. For my case, what remains to be resolved is removing the question marks about the specific rules for building tapes. Those links don't demonstrate...

Gotcha. the overall path from pt 2. to pt 3. on the fractal I'm talking about is volume decreasing. The up and down volume bars in between reflect formations happening intrabar. By the way, how do you get those drop shadows on the lines you paint in the image? RoughTrader

In general, I don't see a great deal of consistentcy regarding this matter. I see a whole bunch of different combinations of volume patterns through a 1-2-3 tape sequence. Fore example, at the beginning of the journal, Spyder discusses how to distinguish between a hitch and FTT on January 4...

Ok, I find myself questioning whether I've built these channels correctly or not. CNMS2 commented that tapes and channels cannot be constructed properly without volume as a context, and I'm thinking he's right.... Here's a fundamental question: When you construct a nes pt. 1 to pt. 2 tape...

It looks like the last FTT could be the point one for a new down channel. Let's see.... RoughTrader

We had declining volume on the previous bar with price drifting down but almost laterally. The first 2 minutes of the next bar were also quiet and then suddenly there was a spike. How does the gaussian formation clue us into the upspike before it starts happening? RoughTrader

That sudden spike up caught me off guard, it came outta nowhere. We were drifting out of an up-channel, and then, BAM! Still in an adjusted up-channel, though. RoughTrader

Is the flaw differentiated from the ftt in real time just by volume? i.e. if the flaw volume < 40% previous bar volume, the market is pausing instead of fighting for a reverse with heavy transactions? RoughTrader

cnms2, as I'm still just acquainting myself to this method, there's a lot still unclear to me. Would you mind taking a few minutes to describe exactly what makes these two points NOT ftt's? Thanks, RoughTrader

This is a random day I pulled from the past couple months. It is 9/11/2007. Regardless, I already understand the fractals hidden inside the channel that you point out. The problem is repeated FTT's that result in chop. If you take the signals, you'll churn your account. RoughTrader

sorry about that. I'm on the west coast and I keep my chart times at PST. just add 3 hours to the times you see. It is during regular session RoughTrader

Hi cnms2, The plot in the center of the image is the 5m chart with tapes and channels. You can see the clues given by volume that a flaw or ftt is imminent. RoughTrader

I don't follow.... RoughTrader

A good live example is the attached. RoughTrader

As I've been reviewing the journal, I've come up with some questions, so I guess I'll ask them one by one. Please have a look at the attached. Let's say we're just trying to trade the rules for the forest / tree method. In this case, I assume (I hope I'm not wrong) that when we identify an...

nkhoi, those "stick figure" tapes look like they fall right on the lows and highs without error. Did youmanage to code them too? RoughTrader

Here is my ES 5m so far. RoughTrader

Here is today's 5m ES chart. RoughTrader

Here is today's chart so far. RoughTrader